Insider Selling: Clean Harbors (NYSE:CLH) Director Sells 836 Shares of Stock

Key Points

• Insider sale: Clean Harbors director Marcy Reed sold 836 shares on March 18 at an average price of $287.94 for about $240,718, cutting her stake by 14.13% to 5,081 shares; the trade was disclosed in an SEC Form 4 filing.
• Stock snapshot: CLH traded near $289.33 with a market cap of $15.31B, a P/E of ~39.7, and a 12‑month range of $178.29–$298.12, with 50‑ and 200‑day moving averages of $273.14 and $245.88 respectively.
• Fundamentals & analyst view: The company modestly beat quarterly EPS and revenue estimates (EPS $1.62 vs. $1.59; revenue $1.50B), institutional investors hold ~90.4% of shares, and analysts' consensus is a Moderate Buy with an average target of $299.27.

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Marcy Reed sold 836 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the sale, the director owned 5,081 shares in the company, valued at approximately $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Clean Harbors Price Performance

CLH traded down $1.67 during trading on Thursday, hitting $289.33. The company's stock had a trading volume of 494,552 shares, compared to its average volume of 514,620. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 39.74 and a beta of 0.93. The firm's 50 day moving average price is $273.14 and its two-hundred day moving average price is $245.88. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $298.12.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $1.55 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock worth $431,000 after buying an additional 1,109 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock worth $120,000 after acquiring an additional 196 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock worth $10,757,000 after purchasing an additional 5,884 shares during the period. Savant Capital LLC bought a new position in shares of Clean Harbors during the 2nd quarter valued at about $214,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Clean Harbors by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 2,233 shares of the business services provider's stock valued at $516,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on Clean Harbors from $228.00 to $253.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. Truist Financial lifted their target price on shares of Clean Harbors from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Barclays increased their price target on Clean Harbors from $230.00 to $280.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Wells Fargo & Company raised their price target on Clean Harbors from $291.00 to $309.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Oppenheimer upped their price objective on Clean Harbors from $283.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average price target of $299.27.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.